Benefits and Challenges of Establishing a Company (Grade 11 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What protection do company shareholders receive that sole proprietors do not have?
What protection do company shareholders receive that sole proprietors do not have?
Limited liability - personal assets protected
How are profits distributed to shareholders in a company?
How are profits distributed to shareholders in a company?
Through dividends based on shares owned
What happens to a company when the owner dies or retires?
What happens to a company when the owner dies or retires?
It continues operating indefinitely
What capital advantage do companies have over sole traders?
What capital advantage do companies have over sole traders?
Can attract multiple investors for capital
Which expense can companies claim as a tax deduction?
Which expense can companies claim as a tax deduction?
Employee salaries and education costs
What management challenge do companies face regarding directors?
What management challenge do companies face regarding directors?
Directors may lack personal stakes
What financial information must companies provide that creates a compliance burden?
What financial information must companies provide that creates a compliance burden?
Public disclosure of financial data
Which organisation must companies register with during formation?
Which organisation must companies register with during formation?
CIPC - Companies & Intellectual Property
What does 'Pty Ltd' indicate in a company name?
What does 'Pty Ltd' indicate in a company name?
Private company
What restriction applies to company names?
What restriction applies to company names?
Abbreviations not permitted - use full name